Comments on: Citi, Bank of America Targeted in Stress Tests

By: Quentin

Quentin — Wed, 02 Feb 2011 15:08:00 +0000

Fares Noujaim is a 1-trick pony. Ask him about sleeping with Pepsi execs

By: bofashareholder

bofashareholder — Tue, 28 Apr 2009 21:19:58 +0000

Ken Lewis may have committed blunders, but the real crooks are
sitting in Merrill Lynch. They don't work at all, they fly all over
the world, still spend lavishly while we suffer in the economic
recession. They spend 90% of their work day politicking internally to
protect their turfs and create their own groups. These arethe true
viruses of the BoFA-ML system.

We need to clean up Merrill Lynch where greed and power has been
perversed. We need to fire the following people at our shareholder
meet:

Thomas Montag, the head of global sales and trading at Merrill, made
$39.4m in 2008.

David Sobotka, now in charge of global proprietary trading, was paid
about $13m in 2008

David Gu, head of Merrill's global-rates division, made $18.7m in
2008, according to the figures.

Merrill's co-head of commodities, David Goodman, was paid $16.5m last
year, the figures show.

Fares Noujaim, who joined Merrill in 2008 and now heads Bank of
America's Middle East and Africa operations, made more than $15m in
2008, the figures show.

Peter Kraus, had an employment contract valued at $29.4m, the figures
show.

Andrea Orcel, the firm's top investment banker. Although Merrill's
net loss ballooned to $27.6bn (€22bn) last year, Orcel, 45 years
old, was paid $33.8m in cash and stock.

None of these guys have made money forthe firm, but only lost
billions!

They should be fired at our shareholder meet and under the Patriot
Act put behind bars.

By: bofashareholder

bofashareholder — Tue, 28 Apr 2009 14:19:58 +0000